PUBLISHER: Orion Market Research | PRODUCT CODE: 1877735
PUBLISHER: Orion Market Research | PRODUCT CODE: 1877735
Neuromorphic Computing Market Size, Share & Trends Analysis Report by Offering (Hardware, and Software) By Deployment (Edge Computing, and Cloud Computing) By Application( Data Mining, Object Detection, Image & Signal Processing, and Others) and By Vertical (Aerospace and Military & Defense, Automotive, Consumer Electronics, Healthcare, IT & Telecom, Industrials, and Others) Forecast Period (2025-2035)
Industry Overview
Neuromorphic computing market was valued at $26.4 million in 2024 and is projected to reach $1,058.3 million by 2030 and $8,035.0 million by 2035, growing at a CAGR of 66.5% during the forecast period (2025-2035). The market is experiencing substantial growth, driven by the increasing demand for energy-efficient artificial intelligence (AI) and machine learning (ML) applications. Key growth factors include technology's integration into autonomous vehicles, robotics, and edge computing devices, as well as advancements in deep learning and hardware development. Challenges such as a lack of standardization and high complexity could temper growth.
Market Dynamics
Explosion of Edge AI Demand and Energy Constraints
Modern AI workloads increasingly need local, always-on inference (smart cameras, wearables, industrial sensors) where power and latency are critical. Neuromorphic architecture, which emulates neuronal spikes and sparse event processing, offers orders-of-magnitude improvements in energy per inference compared with conventional accelerators for certain workloads. That energy/latency advantage is moving neuromorphic designs from lab demonstrations toward pilot deployments in sensing, surveillance, and low-power robotics, creating steady demand for neuromorphic processors and associated toolchains.
Hardware & Algorithmic Maturation (Device Innovations and SNN Software)
Progress in silicon (mixed-signal neurosynaptic chips), memristive synapse candidates, and improved spiking-neural-network (SNN) training tool chains is reducing the gap between research prototypes and commercial products. Investments in IP (analog/digital neuron circuits, synapse arrays) and growing open-source software stacks make integration into electronics and automotive supply chains easier, accelerating vendor roadmaps and broadening the set of viable applications.
Ecosystem Funding, Partnerships, and Commercialization Push
Government research funding, corporate R&D budgets (semiconductor incumbents), and strategic partnerships between chipmakers, system integrators, and end-users are fast-tracking commercialization. Examples include industry alliances, defense/space research programs, and large vendors incorporating neuromorphic IP into product roadmaps. This confluence of funding, pilot projects, and early commercial wins is lowering business risk for adopters and attracting further capital to startups and fabs, reinforcing the strong CAGR projections across most analyst houses.
Market Segmentation
Hardware Led to the Largest Market Share
The hardware/neuromorphic processors segment is the largest single revenue driver and is expected to lead the global neuromorphic computing market with the largest share. Multiple industry reports identify neuromorphic processors, chips, and supporting neurosynaptic hardware as the primary revenue source because the market today is hardware-led, customers buy devices (chips, boards, edge modules) before broader software and services ecosystems scale, and incumbents/IDMs are investing heavily to commercialize neuromorphic silicon.
Edge Computing: A Key Segment in Market Growth
Edge deployment (Edge Computing) is the key growth segment driving the neuromorphic computing market over the next decade. Neuromorphic architectures, especially spiking-neural-network chips and mixed-signal neuron/synapse arrays, are uniquely suited to always-on, low-latency, ultra-low-power inference at the edge (smart cameras, wearables, industrial sensors, drones, autonomous robots). That technical fit creates immediate, high-value use cases where conventional GPUs/NPUs are either too power hungry or too latent; as a result, early commercial demand is concentrated on edge modules and on-device processors rather than centralized cloud deployments.
In parallel, the ongoing maturation of SNN training toolchains, the availability of neuromorphic development kits, and partnerships between chipmakers and systems integrators are accelerating pilot-to-production moves in edge sensing, object detection, and real-time signal processing. Market structure reinforces this: most revenue today is captured by hardware sales (chips/boards) used in edge appliances, producing recurring design-win dynamics and stronger short-term TAM growth for edge offerings. Geographically, North America leads adoption and R&D, while Asia-Pacific (China, India) is emerging as the fastest-growing edge demand pool because of massive IoT rollouts and smart-device manufacturing.
The global neuromorphic computing market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North America Maintains Strong Market Position
In North America, the US dominates the global neuromorphic computing market with a major share, primarily due to its strong presence of leading technology companies, extensive R&D investments, and early adoption of advanced computing architectures. The country is home to major neuromorphic hardware and AI innovators such as Intel Corporation, IBM, Hewlett Packard Enterprise, Qualcomm Technologies, and HRL Laboratories, all of which are actively developing neuromorphic chips and architectures capable of mimicking human brain functions. The US government and defense agencies, including DARPA, have been significant contributors to neuromorphic research, funding projects focused on energy-efficient AI and brain-inspired computing for military, aerospace, and security applications.
Furthermore, the presence of top-tier universities and research institutions such as Stanford University, MIT, and Caltech has strengthened academic-industry collaborations, accelerating the development of new algorithms and hardware architectures. The country's robust semiconductor ecosystem, supported by large-scale investments through initiatives like the CHIPS and Science Act, has also enhanced domestic production and commercialization capabilities for neuromorphic processors. In addition, US-based companies are pioneering edge-based neuromorphic applications in autonomous vehicles, smart IoT systems, and advanced robotics, creating early commercialization opportunities.
The major companies operating in the global neuromorphic computing market include BrainChip, Intel, IBM, Qualcomm, and Samsung, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments